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AI, Machine Learning and Renewable Energy
| December 3, 2019
LYS Energy is a Singapore-based Solar Independent Power Producer (IPP) that builds, owns and operates Solar PV Systems for Commercial, Industrial and Public sites in the Asia Pacific region.
Article | April 6, 2020
As businesses shut down and many work from home around the world, electricity demand has reduced in COVID-19 hotspots. This could have a knock-on effect for the renewable sector. China, where the outbreak first took hold, is the world’s biggest electricity consumer. Output from factories has been substantially diminished with many unable to return to their jobs in manufacturing. Due to the curtailing of industrial electricity use, cuts in energy consumption for 2020 could be equivalent to the power used by the whole of Chile, according to IHS Markit. In Europe, peak power consumption has also gone down. Italy, Spain, and the UK have all seen an average 10 per cent drop in energy usage with bars, restaurants, offices and factories, which remain closed as social distancing measures continue.
Article | March 9, 2020
Community solar programs have the potential to greatly expand the market for solar energy and make the benefits of solar more accessible. However, growth of this sector is currently inhibited by uncertainty in project delivery costs. We sat down with Dr. Joseph Goodman of the Rocky Mountain Institute to understand this challenge—and how detailed design modeling capabilities can help overcome this barrier.
Article | March 11, 2020
Renewable energy is here to stay. It’s becoming a much larger part of the United States’ total energy production, and it supports a more diverse energy network to give customers control over how their energy is produced. However, the importance behind this relatively new way to produce energy doesn’t stop there. Below are some of the most impactful areas renewable energy supports, specifically our infrastructure, economy, and environment, and how City Electric Supply is expanding into this growing market.
Article | March 10, 2020
In the second post in this series, which began by analyzing the opportunities in renewable energy, we'll see how—without code—you can use business rules as an architectural layer to help justify any solar lending project. In part one of this series, I outlined a few of the considerations for community and regional financial institutions (CRFIs) that are considering entering into solar and other renewable energy source lending markets. Next, I’m going to explore a few of the ways that lenders can help prospects to economically justify these projects with Progress Corticon, the digital decisioning software engineered to manage complex rules and calculations, integrate with a countless big data sources, and implement it all without writing a line of code.
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